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UmitAbdulkasim
Mar 5, 2021 11:12 AM

ZRX USDT pair breakout from 4h inverse head and shoulders. Long

0x / TetherUSBinance

Description

ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI signalling the bears were losing power as technicals were not agreeing to the new lower lows the price was making.
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